Bumble: Deep Value After The 40% Crash; Buying Back ~28% Of Shares
Bumble(BMBL) Seeking Alpha·2024-08-19 01:02
J Studios/DigitalVision via Getty Images Bumble (NASDAQ:BMBL) shares plummeted like a stone (-40%), after the company reported results for the June quarter, missing expectations on revenue and giving a worse than hoped outlook for the FY 2024. Taking a commercial perspective, momentum in Q2 was pressured by a highly competitive market and fading consumer sentiment for non-necessity products like dating - issues that are now becoming too significant to ignore. In addition, investors were surprised about Bumb ...